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A Royal Commission of Inquiry is essential to determine whether Tabung Haji's severe investment losses resulted from governance failures or misconduct, experts say, as half of audited investments suffered total collapse.
Sabah has launched a RM2 billion lawsuit against Ernst & Young, alleging audit failures at state-owned Sabah Development Bank. Officials frame the action as evidence of governance commitment.
Tabung Haji's recovery should not be judged by dividend payouts alone. Restoring depositor trust and institutional integrity matter far more than annual returns, experts caution.
Economists have flagged serious concerns about Tabung Haji's practice of using internal management estimates to value RM4.044 billion in property assets, rather than independent professional valuations, creating risks of inflated asset values and unsustainable dividend distributions.
Police have recorded statements from 134 witnesses, including ten newly called in, as the investigation into Tabung Haji's handling of pilgrim funds expands following damning Royal Commission findings.
Muda MP Syed Saddiq has condemned the opposition's boycott of the parliamentary debate on the Tabung Haji Royal Commission of Inquiry report, arguing the walkout betrayed millions of depositors who depend on the savings scheme.
Bentong MP Young Syefura Othman has urged the government to detail plans reducing Tabung Haji's reliance on UJSB sukuk income, which comprises nearly 26% of the institution's annual revenue and poses significant financial risk.
Bank Negara Malaysia issued five separate warnings to Tabung Haji regarding its deteriorating financial position between assets and liabilities, according to Religious Affairs Minister Dr Zulkifli Hasan. The warnings went unheeded until a major audit revealed widespread financial manipulation.
Prime Minister Anwar Ibrahim has declared that Tabung Haji, Malaysia's pilgrimage savings fund, has stabilised following comprehensive institutional reforms. A Royal Commission of Inquiry report into the organisation's earlier troubles is expected imminently.
Prime Minister Anwar Ibrahim has disclosed that the Tabung Haji RCI report was deliberately kept confidential to prevent public panic and mass fund withdrawals from the pilgrim savings institution, citing the sensitive nature of its findings.
Malaysia's cabinet has expanded the scope of an inquiry into Tabung Haji, the pilgrim fund manager, to encompass the Pakatan Harapan and Perikatan Nasional governments, moving beyond the initial investigation parameters.
Prime Minister Anwar Ibrahim has defended the release of the Royal Commission of Inquiry report on Tabung Haji, characterising it as a fiduciary responsibility to safeguard the interests of millions of Muslim depositors rather than a political exercise.
A Royal Commission of Inquiry has determined that Tabung Haji improperly declared RM2.75 billion in hibah distributions for 2017, citing aggressive payouts beyond financial capacity as a key factor in the fund's crisis.
Prime Minister Anwar Ibrahim has confirmed the long-awaited Royal Commission of Inquiry report into Tabung Haji will be made public today, concluding a months-long investigation into the pilgrim fund.
Prime Minister Anwar Ibrahim signals the government may release the Royal Commission of Inquiry's final report on Tabung Haji. The investigation examines systemic failures affecting thousands of Malaysian pilgrims' accumulated funds.
Anti-corruption investigators have begun examining the Retirement Fund Inc's RM200 million loss tied to investments in Indonesian aquaculture technology company eFishery, marking a significant development in Malaysia's pension oversight.
Prime Minister Anwar Ibrahim will answer parliamentary questions about Retirement Fund Incorporated's investment in eFishery during tomorrow's Dewan Negara sitting.
Malaysia's retirement fund KWAP has fallen victim to deliberate fraud by Indonesian aquaculture company eFishery, with financial statements systematically manipulated. The fund is pursuing legal recovery alongside a consortium of international investors.
Parliament has passed the National Trust Fund (KWAN) Bill 2026, signalling Malaysia's intent to broaden contributions beyond Petronas and ensure natural resource wealth benefits future generations across multiple extractive sectors.
Prime Minister Anwar Ibrahim has disclosed that the Retirement Fund (Incorporated) was deliberately misled into a RM200 million investment in eFishery, even though the fund conducted comprehensive due diligence before committing the capital.